Exclusive: When the wave is high… just ride it – Fintech Global in The Insurtech Magazine
Aug18

Exclusive: When the wave is high… just ride it – Fintech Global in The Insurtech Magazine

Insurers need to innovate their way out of this crisis, writes Fintech Global, and startups are ready to meet the challenge. Pausing projects now won’t help anyone While the coronavirus is a huge challenge for all businesses, it could also prove to be an opportunity for insurtech startups. The insurance industry has famously been very slow to embrace new technologies. However, the coronavirus crisis is forcing them to take a long,...

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Insurtech disruptor honcho launches final £300k crowdfunding investment raise
Jul08

Insurtech disruptor honcho launches final £300k crowdfunding investment raise

honcho – the Durham-based fintech startup taking on the insurance distribution market –have today announced the final stage of their 2019-2020 £2.25m capital investment raise. First launched last summer with investment from Maven Capital Partners and followed this spring with further Maven investment plus a new investment from specialist VC Insurtech Gateway alongside crowd investors on the Crowdcube platform, the raise has just £300k...

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Koala is reinventing travel insurance, closing a €1.6m seed round led by Insurtech Gateway
Jul07

Koala is reinventing travel insurance, closing a €1.6m seed round led by Insurtech Gateway

Today, Paris based insurtech Koala announces an investment of €1.6m, led by London based incubator and fund Insurtech Gateway alongside Playfair Capital, Techstars Ventures, and private investors. Koala is reinventing travel insurance. Their data-driven products proactively alert travelers to any disruption and pay-out instantly, no forms, no exclusions, no questions asked. As countries start to tentatively open up their borders,...

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UK based startup Nayms opens an office in Bermuda
Jun17

UK based startup Nayms opens an office in Bermuda

Nayms Ecosystems receives Digital Asset Business and Innovative General Business Insurer licenses from the Bermuda Monetary Authority. Nayms believes their smart insurance contracts can be applied to facilitate the underwriting of digital asset risk and to provide a liquid market for Insurance Linked Security (ILS) trading. Nayms will be conducting trials over this 12 month sandbox period. As a result of their confidence in Bermuda’s...

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Collective Benefits raises £3.3M to build the first benefits platform for gig workers
Feb27

Collective Benefits raises £3.3M to build the first benefits platform for gig workers

Collective Benefits announced today the closing of £3.3 million in funding from Stride.VC alongside existing investors Delin Ventures, Insurtech Gateway and several high profile angels with experience in building some of the largest gig platforms including Uber, Deliveroo, and Urban. Collective Benefits is aimed at tackling the growing protection gap created by the gig economy, in which self-employed workers often do without basic...

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